GFL Environmental Inc. Subordinate Voting Shares - GFL STOCK NEWS

GFL Environmental Inc. (NYSE: GFL) has declared a cash dividend of US$0.01 per share for the third quarter of 2020. This dividend will be paid on October 30, 2020 to shareholders recorded by the close of business on October 19, 2020. GFL, a leading environmental services company in North America, serves over 135,000 industrial customers and more than 4 million households, employing over 13,000 individuals across Canada and the United States. The dividend is classified as an eligible dividend under the Income Tax Act of Canada.

GFL Environmental Inc. (NYSE: GFL) will announce its third quarter 2020 financial results on November 4, 2020, after market close. The company will hold an investor conference call on November 5, 2020, at 8:30 AM Eastern Time, accessible via its investors page or toll-free numbers. GFL is a leading environmental services company in North America, serving over 135,000 commercial customers and delivering waste collection services to more than 4 million households.

GFL Environmental announced the successful acquisition of WCA Waste Corporation on October 1, 2020. The transaction was partly financed by a private placement of US$600 million in perpetual convertible preferred shares to HPS Investment Partners. This acquisition allows GFL to expand its operations across nine provinces in Canada and 27 states in the U.S. The preferred shares will be convertible into subordinate voting shares at a premium of approximately 20% above the current market price. GFL aims to integrate WCA’s operations and drive growth following this strategic acquisition.

GFL Environmental (NYSE: GFL) has secured a residential solid waste and recycling collection contract for the Niagara Region, starting October 19, 2020. This contract covers several towns including Grimsby, Lincoln, and others. To support this initiative, GFL is deploying 31 new compressed natural gas (CNG) trucks and hiring over 60 local employees. The company's focus on sustainability aligns with the Niagara Region’s environmental goals, emphasizing waste diversion and reducing carbon footprint.

On September 29, 2020, GFL Environmental announced that the U.S. Department of Justice approved its acquisition of WCA Waste Corporation for US$1.212 billion. This deal, expected to close on October 1, 2020, is a key milestone for GFL as it aims to expand its geographic presence in the U.S. through WCA's extensive network, which includes 37 collection operations, 27 transfer stations, and 22 landfills. GFL's CEO, Patrick Dovigi, highlighted the strategic importance of this acquisition for long-term shareholder value.

GFL Environmental Inc. has been awarded the 2020 Recycling Facility of the Year by the NWRA for its Material Recovery Facility in Winnipeg, Manitoba. This recognition highlights GFL's commitment to innovation, sustainability, and environmental impact. The Winnipeg MRF operates with approximately 90% automation and utilizes advanced technology, including a SamurAI™ sorting robot. It is projected to recover over 52,000 metric tons of material in 2020, preventing about 121,385 tonnes of CO2 emissions.

GFL Environmental Inc. (NYSE: GFL) announced the closure of its upsized offering of US$750 million senior notes. The proceeds, along with cash on hand and US$600 million from a private placement of perpetual convertible preferred shares, will fund general corporate purposes, including acquisitions. CEO Patrick Dovigi highlighted the company's growth strategy and acquisition plans, including closing deals with WCA Waste Corporation and Waste Management, Inc. by late 2020. The company also defended itself against Spruce Point Capital's negative claims regarding its financial disclosures.

GFL Environmental Inc. (NYSE: GFL) has issued a response to a report by Spruce Point Capital Management, which it claims contains numerous inaccuracies regarding its management and financial practices. GFL asserts that Spruce Point's report aims to manipulate the stock price for profit. GFL's lead independent director, Dino Chiesa, expressed disappointment over the baseless allegations and reaffirmed confidence in the company's strategy and ethical standards. GFL, a major player in environmental services across North America, serves over 135,000 customers, showcasing its commitment to long-term shareholder value.

GFL Environmental (NYSE: GFL) announced the pricing of US$750 million in 3.750% senior secured notes due 2025, upsized from US$600 million due to strong demand. The net proceeds will be used for general corporate purposes, including acquisitions. The notes will not be registered under the Securities Act and are offered primarily to qualified institutional buyers. GFL, based in Vaughan, Ontario, is a major player in the environmental services sector in North America, serving over 135,000 customers and managing waste for more than 4 million households.